Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 687.90
Bid: 687.80
Ask: 687.90
Change: -9.10 (-1.31%)
Spread: 0.10 (0.015%)
Open: 691.00
High: 693.80
Low: 680.80
Prev. Close: 697.00
HSBA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-HSBC, JPMorgan, C Agricole to fight EU charges at June hearing - sources

Fri, 24th Apr 2015 17:59

* Hearing with Commission, national regulators on 15-17 June

* Chance for banks to plead case, reject EU arguments

* Possible fines of as much as 10 pct of global revenues (Adds HSBC, JPMorgan decline to comment)

By Foo Yun Chee

BRUSSELS, April 24 (Reuters) - HSBC Holdings,JPMorgan and Credit Agricole will seek tofight European Union charges of rigging financial benchmarks ata closed door hearing in June, two people familiar with thematter said on Friday.

The European Commission accused the three banks in May lastyear of manipulating the Euribor interbank offered rate afterthey refused to settle a case five months earlier, unlike sixother banks.

In December 2013, a record 1.7-billion-euro fine was imposedon six banks including Deutsche Bank, Royal Bank ofScotland and Citigroup for alleged benchmarkrigging. The banks settled these charges and received a10-percent cut in the fines.

"The hearing will be from 15 to 17 June," the people said.

Commission spokesman Ricardo Cardoso declined to comment. HSBC and JPMorgan declined to comment.

In these hearings, companies typically take the opportunityto press their case in front of an audience of experts from theEU executive and national regulators.

JPMorgan said last year the EU charges were without meritwhile HSBC said it would defend itself vigorously. CreditAgricole last month got a boost when the European Ombudsmanbacked its claim of Commission bias during the investigation.

The Commission usually takes several months to come to adecision after such a hearing.

HSBC, Europe's biggest bank, U.S. bank JP Morgan and Frenchpeer Credit Agricole could face fines up to 10 percent of theirglobal revenues if found guilty.

Regulators have slapped total fines of around $8.5 billionon some of the world's largest banks for market rigging andcollusion in the last seven years. (Reporting by Foo Yun Chee. Editing by Jane Merriman)

More News
17 Jan 2024 17:05

European shares slide more than 1% on hawkish ECB remarks, disappointing China data

Dec. EZ final consumer prices at 2.9% on yearly basis

*

Read more
16 Jan 2024 09:27

IN BRIEF: RBC targets completion of HSBC Canada buy in late March

Royal Bank of Canada - Toronto-based lender - Targets March 28 as close date for acquisition of HSBC Bank Canada. RBC will begin conversion activities once the transaction closes and will open the branches and offices in Canada for business a few days later on April 1.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
15 Jan 2024 17:06

UK's FTSE 100 slips as luxury, bank stocks weigh

FTSE 100 down 0.4%, FTSE 250 flat

*

Read more
15 Jan 2024 17:00

European shares start week on shaky footing as bond yields rise

Commerzbank gains after merger talks with Deutsche Bank

*

Read more
15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

Read more
15 Jan 2024 12:04

LONDON MARKET MIDDAY: Stocks head lower in quiet trade amid US holiday

(Alliance News) - Stock prices in London were lower at midday Monday, with trading likely to remain subdued due to a public holiday in the US.

Read more
15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
11 Jan 2024 22:04

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 20:28

First Citizens must 'clean up' claims that HSBC poached Silicon Valley Bank workers

Judge says bank must flesh out claims against ex-SVB employees

*

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
11 Jan 2024 10:59

UK plans new system to tackle small bank failures after SVB collapse

LONDON, Jan 11 (Reuters) - Britain's finance ministry plans to introduce new procedures to manage the failure of small banks more effectively, it said on Thursday, following last year's high-profile collapse of U.S.-based Silicon Valley Bank (SVB).

Read more
11 Jan 2024 09:26

TOP NEWS: Big Yellow rent hike saves revenue from decreased occupancy

(Alliance News) - Big Yellow Group PLC on Thursday said that revenue and lettable area had increased despite occupancy dropping during the "seasonally weaker third quarter".

Read more
8 Jan 2024 09:49

Saudi Arabia plans benchmark-sized three-tranche bond

DUBAI, Jan 8 (Reuters) - Saudi Arabia plans to tap global debt markets on Monday with the sale of a triple-tranche bond with tenors of six, 10 and 30 years, IFR, a capital markets publication, reported.

Read more
8 Jan 2024 09:24

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.